Your home may be the biggest investment you'll ever make. So if you're serious about protecting that investment, here is some important information to consider when determining the coverage amount for your home.
1. Make sure that your home is insured for at least 100% of its estimated replacement cost.
2. Understand the difference between market value and replacement cost for insurance purposes.
3. When buying a new home, be sure to obtain a replacement cost estimate.
(courtesy of State Farm Insurance via Trulia.com)
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